How can I get loan to study in Germany?
How can I get loan to study in Germany?
List of documents required for an education loan to Germany
- Letter of admission from the college/University.
- Loan application form filled out in full.
- Documents on the cost of studies.
- Identification proof.
- Residence proof.
- PAN details of the borrower.
- Guarantor/co-borrower’s/student’s bank statements.
Can I get loan for higher studies?
Repayment of an education loan is deductible under section 80E of the Income Tax Act. The yearly limit for deduction is Rs. Only loans taken for higher education – full time studies in any graduate or post-graduate, professional, and pure and applied science courses – may claim deduction.
Can I get a education loan of 25 lakhs?
In general, you can get up to 4 lakhs of educational loan for higher studies without any collateral. Under education loan scheme, you can get a maximum of 15 lakhs for studies in India and more 25 lakhs for abroad studies.
How to apply for an education loan to study in Germany?
Eligibility criteria to apply for an education loan to study in Germany. The student must have attained the age of 18 years or his/her parents should apply for the loan. The applicant must have secured admission to a job-oriented course.
What are the living costs in Germany for Indian students?
The living costs in Germany is considered moderate, thus putting less financial pressure on Indian students wanting to study abroad. Shiksha has partnered with India’s topmost and trusted loan providers who will assist you in getting an education loan. Find out more!
Which is the best bank for studying abroad in India?
Credila: Credila is part of the renowned HDFC bank and provides loans to Indian students wishing to study abroad. The loans are given at a competitive floating rate of interest and can be repaid within a period of 10 years. Avanse: Part of the DHFL group, it is considered as one of the most popular non-banking financial institutions in India.
Why do Indian students choose Germany for higher education?
Every year thousands of Indian students go to Germany for their higher education or to pursue research at Germany’s world class universities that have cutting-edge research facilities and infrastructure. Around 17 universities in Germany have made it to the world’s 250 top ranking universities.